Determinants Of Recent Inflation In Ethiopia
Ethiopia is a country with a population of 76 million (in 2006/07) where 74% of the population lives in rural areas. The country has a total area of 1.14 million sq.km of which 45 % is arable land and 3 % is irrigated land. The population density (person per sq.km) is near 65: 1 sq.km. The age dependency ration is around 85. The population has been growing at an average rate of 2.74% per year for the past 9 years. This high growth rate of the population in line with the age structure is undermining the economic progress made. In addition it also creates pressure on the existing resources.